For an Acquisition/Rehab rental project, would additional units be needed to utilize HOME Funds?If the property has received past HOME funding and is currently within the period of affordability, then the proposed project/application must include construction of new (additional) HOME units to the building., Is BABA required if 4 units or less?IFA will review each project individually to determine applicability to the Build America Buy America Act and other Federal and State regulations., If you have an LIHTC/HOME award, you are not eligible for HOME without Tax Credits?Correct, A Developer may receive one HOME award per funding year. The award may be a LIHTC/HOME award OR a HOME without Tax Credits award., Will the Section 502-HOME Investment Partnerships Reauthorization and Reform Act, be applicable to the 2026 round?Q: The Senate is currently considering the 21st Century ROAD to Housing Act, which is anticipated to pass in some form. Has IFA been given any indication if Section 502-HOME Investment Partnerships Reauthorization and Reform Act, will be applicable to the 2026 round?A: IFA has not received information regarding the “21st Century ROAD to Housing Act” or any other proposed legislation. Once a law is passed, applicability will be determined by HUD., Are Handicapped accessible units required for 4 units or less?All new construction projects must meet the Accessibility requirements listed in 24 CFR Part 92.251(a)(3)(i) as well as state and local code, ordinances, and zoning requirements.

Question

For an Acquisition/Rehab rental project, would additional units be needed to utilize HOME Funds?If the property has received past HOME funding and is currently within the period of affordability, then the proposed project/application must include construction of new (additional) HOME units to the building.,  Is BABA required if 4 units or less?IFA will review each project individually to determine applicability to the Build America Buy America Act and other Federal and State regulations.,  If you have an LIHTC/HOME award, you are not eligible for HOME without Tax Credits?Correct, A Developer may receive one HOME award per funding year. The award may be a LIHTC/HOME award OR a HOME without Tax Credits award.,  Will the Section 502-HOME Investment Partnerships Reauthorization and Reform Act, be applicable to the 2026 round?Q: The Senate is currently considering the 21st Century ROAD to Housing Act, which is anticipated to pass in some form. Has IFA been given any indication if Section 502-HOME Investment Partnerships Reauthorization and Reform Act, will be applicable to the 2026 round?A: IFA has not received information regarding the “21st Century ROAD to Housing Act” or any other proposed legislation. Once a law is passed, applicability will be determined by HUD.,  Are Handicapped accessible units required for 4 units or less?All new construction projects must meet the Accessibility requirements listed in 24 CFR Part 92.251(a)(3)(i) as well as state and local code, ordinances, and zoning requirements.

Accepted Answer

For an Acquisition/Rehab rental project, would additional units be needed to utilize HOME Funds?If the property has received past HOME funding and is currently within the period of affordability, then the proposed project/application must include construction of new (additional) HOME units to the building.,  Is BABA required if 4 units or less?IFA will review each project individually to determine applicability to the Build America Buy America Act and other Federal and State regulations.,  If you have an LIHTC/HOME award, you are not eligible for HOME without Tax Credits?Correct, A Developer may receive one HOME award per funding year. The award may be a LIHTC/HOME award OR a HOME without Tax Credits award.,  Will the Section 502-HOME Investment Partnerships Reauthorization and Reform Act, be applicable to the 2026 round?Q: The Senate is currently considering the 21st Century ROAD to Housing Act, which is anticipated to pass in some form. Has IFA been given any indication if Section 502-HOME Investment Partnerships Reauthorization and Reform Act, will be applicable to the 2026 round?A: IFA has not received information regarding the “21st Century ROAD to Housing Act” or any other proposed legislation. Once a law is passed, applicability will be determined by HUD.,  Are Handicapped accessible units required for 4 units or less?All new construction projects must meet the Accessibility requirements listed in 24 CFR Part 92.251(a)(3)(i) as well as state and local code, ordinances, and zoning requirements.

HOME Rental Q&A

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HOME Rental Q&A

List items for HOME Rental Q&A

For an Acquisition/Rehab rental project, would additional units be needed to utilize HOME Funds?

Is BABA required if 4 units or less?

If you have an LIHTC/HOME award, you are not eligible for HOME without Tax Credits?

Will the Section 502-HOME Investment Partnerships Reauthorization and Reform Act, be applicable to the 2026 round?

Are Handicapped accessible units required for 4 units or less?